Distinguish between Internal trade and International trade.

1.	Distinguish between Internal trade and International trade.
Answer» Internal trade: 1. Trade is carried on within the domestic territory. 2. Land transport plays a major role (Roadways and Railways). 3. Local currency is used. 4. Helps to promote a balanced regional growth. International trade: 1. Trade is carried on between two or more countries. 2. Waterways and Airways play a vital role. 3. Foreign currency is involved. 4. Helps to promote country’s economy and raise the standard of living

Answer»

Internal trade:

1. Trade is carried on within the domestic territory.

2. Land transport plays a major role (Roadways and Railways).

3. Local currency is used.

4. Helps to promote a balanced regional growth.

International trade:

1. Trade is carried on between two or more countries.

2. Waterways and Airways play a vital role.

3. Foreign currency is involved.

4. Helps to promote country’s economy and raise the standard of living

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